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Cambridge IGCSE Economics

3.6.5Objectives of firms

Objectives of firms in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 3.6.5Explain survival, social welfare, profit maximisation and growth as objectives of firms.

Lessons

  • Objectives of firms

    25 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Objectives of firms: sample question

1 mark

A fictional firm could raise its monthly sales from 2,400 to 3,300 units by cutting its price. Calculate the percentage increase in units sold, to one decimal place.

Answer in %.

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